Fiat To Gold Yes, BTC To Gold Not So Easy
Bitstamp, one of the biggest bitcoin exchanges, adds gold withdrawal option for their customers in the EU. Gold price is quoted only in US dollars and one must also have an available balance in USD. Moro & Kunst, a Slovenian precious metals dealer, provides delivery of physical gold produced by well known brands Argor Heraeus in Switzerland and Münze Österreich in Austria. Fully insured shipment should be delivered to a customer’s address within two to five business days after ordering.
Although a gold withdrawal option is not such a ground-breaking innovative step in the bitcoin industry, it's good that customers of this big exchange have another way that they can relatively safely move funds out of the exchange. “For centuries, gold has proved to be a timeless and exceedingly valuable source of capital preservation due to its unwavering value. Additionally, gold has always been an efficient hedge against inflation and currency risks,“ Bitstamp admits the importance of another hard asset in its announcement.
http://cointelegraph.com/news/116017/fiat-to-gold-yes-btc-to-gold-not-so-easy
Topic: [2016-01-08] Fiat To Gold Yes, BTC To Gold Not So Easy (Read 213 times)
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